Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 1,000,000,000
    Countries
    Sector(s)
    Spain : € 1,000,000,000
    Credit lines : € 1,000,000,000
    Signature date(s)
    30/07/2015 : € 200,000,000
    11/01/2016 : € 800,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    20 May 2015
    Status
    Reference
    Signed | 30/07/2015
    20150192
    Project name
    Promoter - financial intermediary
    SSPA SME SUPPLIERS PLATFORMS
    BANCO BILBAO VIZCAYA ARGENTARIA SA, ACCEPTABLE BANK(S), REINO DE ESPANA, BANCO BILBAO VIZCAYA ARGENTARIA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 1000 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Loan to the Kingdom of Spain with the purpose of improving SME access to finance by reducing Sub Sovereign Public Authorities’ (SSPA) commercial liabilities with SMEs. The loan will be split in two parts – the first to support the Kingdom of Spain's funds defined within the Royal-Decree-law 17/2014, and the second to reverse factoring platforms of acceptable banks.

    The proposed loan will support the mechanisms established by the Spanish State and financial products from acceptable banks targeting the reduction of suppliers’ payment delays of SSPA, which will improve the access to financing to SME and midcaps.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Link to source
    Other links

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications